Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Gold Initiates Winter Exploration Program at North Birch Project in Red Lake District and Grants Stock Options
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Newrange Gold Initiates Winter Exploration Program at North Birch Project
in Red Lake District and Grants Stock Options
VANCOUVER, BRITISH COLUMBIA, February 8, 2021 (TSXV: NRG, US: NRGOF, Frankfurt: X6C)
– Newrange Gold Corp. ("Newrange" or the “Company") is pleased to announce that line cutting has
commenced on its North Birch Project east of Red Lake, Ontario . An Induced Polarization (IP)
geophysical survey comprising approximately 90 line kilometres will follow within about 10-14 days and
the results will be used to generate targets for follow up diamond drilling.
The primary target at North Birch is the sheared limb of a folded iron formation sequence , modeled
after the Musselwhite Gold Mine, approximately 190 kilometres to the north and operated by Newmont-
Goldcorp. The 8 kilometre long target horizon at North Birch is recessive and not exposed at surface
but is interpreted from a prominent fold pattern in the airborne magnetics (see map here). The target
horizon projects 2 kilometres along strike to the southeast into the Argosy Gold Mine, which closed in
1952 after producing 101,875 oz Au at 12.7 g/t Au (Ontario government archives). There are also
multiple gold showings in the rocks to the south of the main targe t horizon and in iron formation
elsewhere on the North Birch property, yet the main target horizon has never been drilled.
“We are looking forward to receiving the results of the IP survey at North Birch,” stated Robert Archer,
Newrange’s CEO. “We are confident that it will identify zones of sulphide enrichment along the main
target horizon that may be related to gold mineral ization. As soon as we have sufficient information to
generate drill targets, we will be applying for the appropriate permits and anticipate that we could be
drilling by April.”
Stock Option Grant
Newrange has granted an aggregate of 1,963,500 incentive stock options to certain directors, officers,
employees and consultants of the Company, pursuant to the Company’s Stock Option Plan and subject
to TSXV approval, at a price of $0.12 and expiring on February 08, 2024.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by David Hladky,
P.Geo., Senior Geologist for Newrange and a Qualified Person as defi ned under National Instrument
43-101.
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
About Newrange Gold Corp.
Newrange is a precious metals exploration and development company focused on significant discovery
potential in favorable jurisdictions including Nevada, Ontario and Colorado. The Company’s flagship
Pamlico Project is demonstrating potential for a significant new Nevada discovery, while the North Birch
Project in the Red Lake District of Ontario is modeled after world c lass gold mines . Focused on
developing shareholder value t hrough exploration and development of key projects, the Compan y is
committed to building sustainable value for all stakeholders. Further information can be found on our
website at www.newrangegold.com.
Signed: “Robert Archer”
CEO & Director
FOR FURTHER INFORMATION CONTACT:
Sharon Fleming Dave Cross
Corporate Communications Chief Financial Officer and Corporate Secretary
Phone: 760-898-9129 Phone: 604-669-0868
Email: [email protected] Email: [email protected]
Website: www.newrangegold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
Some of the statements in this news release contain forw ard-looking information that involves inherent risk and uncertainty affecting the
business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.